Exane Derivatives Takes Position in Ferguson plc (NASDAQ:FERG)

Exane Derivatives acquired a new position in shares of Ferguson plc (NASDAQ:FERG) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,120 shares of the company’s stock, valued at approximately $134,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP purchased a new stake in shares of Ferguson in the first quarter valued at $30,726,000. AMF Pensionsforsakring AB acquired a new stake in shares of Ferguson in the first quarter worth approximately $22,114,000. British Airways Pensions Investment Management Ltd purchased a new stake in Ferguson in the first quarter valued at approximately $10,096,000. Janney Montgomery Scott LLC purchased a new position in Ferguson during the first quarter worth approximately $6,818,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Ferguson in the 1st quarter worth $5,077,000.

Several equities research analysts have recently issued reports on FERG shares. Royal Bank of Canada reissued a “sector perform” rating on shares of Ferguson in a research report on Wednesday, March 17th. Zacks Investment Research cut Ferguson from a “buy” rating to a “hold” rating in a research note on Tuesday, April 20th. Morgan Stanley reiterated an “equal weight” rating on shares of Ferguson in a research note on Thursday, March 18th. Oddo Bhf lowered Ferguson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, March 17th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Ferguson in a research report on Wednesday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $145.00.

Shares of NASDAQ FERG opened at $128.77 on Thursday. Ferguson plc has a 1 year low of $116.70 and a 1 year high of $134.30. The stock’s 50-day simple moving average is $126.81.

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 11th. Shareholders of record on Friday, March 26th were paid a dividend of $0.729 per share. The ex-dividend date was Thursday, March 25th. This represents a yield of 2.3%.

Ferguson Profile

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Ferguson (NASDAQ:FERG)

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